Updated Sep 9, 2024
Real Estate Results, LLC Acquires Multifamily Property In Boston, MA For $1.26M
308-310 Faneuil St, Boston, Brighton, Massachusetts, USA
$1,262,000
$361/SF
Building Size
3,490 SF
Asset Type
MultiFamily
Closing
Nov 9, 2021
About this deal
AI
The multifamily property located at 308-310 Faneuil St in Boston, MA was recently sold for a total of $1,262,000. The sale took place on November 9, 2021. The property consists of 3 units, with a price per unit of $420,667. It spans across a total area of 3,490 square feet, with a price per square foot of $362.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,262,000
- Date: 11/09/2021
- Address: 308-310 Faneuil St
- Market: Boston, MA
- Units: 3
- Price per Unit: $420,667
- Square Footage: 3,490
- Price per Square Foot: $362
The buyer was represented by Matthew Lane from Real Estate Results, LLC, while the seller was represented by The McLaren Team from Compass.
On the Map
$1,262,000
$361/SF
MultiFamily
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Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.57%
Cash-on-Cash
-3.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93